Sveriges Riksbank Inflation Report, No. 4, 2004

Sweden's central bank, the Sveriges Riksbank, has published its Fourth Inflation Report for 2004. The assessment in the October Inflation Report still stands, although new statistics received since October indicate a slightly weaker development than expected, particularly in the euro area, the report says.

Oil prices have been slightly higher than expected and the US dollar has weakened relatively substantially against both the euro and the krona. Slightly lower international growth, higher oil

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